KABIR: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KABIR
Largest movements
- Receivables within one year +€8.1m
up €8.1m (+182.0%), from €4.4m to €12.5m
of which Trade receivables: +€7.7m
- Stocks and contracts +€3.6m
up €3.6m (+115.8%), from €3.1m to €6.6m
- Cash -€224,859
down €224,859 (-60.7%), from €370,743 to €145,883
mainly Receivables within one year (-€8.1m) and Stocks and contracts (-€3.6m)
- Trade debts +€9.8m
up €9.8m (+1499.1%), from €652,175 to €10.4m
- Reserves +€1.6m
up €1.6m (+103.4%), from €1.6m to €3.2m
- Gross operating margin +€1.9m
up €1.9m (+355.0%), from €530,424 to €2.4m
- Write-downs +€706,886
new in 2025: €706,886
- Taxes -€47,650
down €47,650 (-99.4%), from €47,960 to €310
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,913,688 | €19,333,881 | +€11.4m | +144.3% |
| Fixed assets | 21/28 | €21,150 | €15,383 | -€5,767 | -27.3% |
| Tangible fixed assets | 22/27 | €18,150 | €12,383 | -€5,767 | -31.8% |
| Plant, machinery and equipment | 23 | €8,659 | €7,778 | -€881 | -10.2% |
| Furniture and vehicles | 24 | €9,491 | €4,605 | -€4,886 | -51.5% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €7,892,538 | €19,318,498 | +€11.4m | +144.8% |
| Stocks and contracts in progress | 3 | €3,070,483 | €6,627,135 | +€3.6m | +115.8% |
| Stocks | 30/36 | €3,070,483 | €6,627,135 | +€3.6m | +115.8% |
| Amounts receivable within one year | 40/41 | €4,444,809 | €12,535,614 | +€8.1m | +182.0% |
| Trade receivables | 40 | €4,213,851 | €11,909,454 | +€7.7m | +182.6% |
| Other amounts receivable | 41 | €230,958 | €626,160 | +€395,202 | +171.1% |
| Cash at bank and in hand | 54/58 | €370,743 | €145,883 | -€224,859 | -60.7% |
| Deferred charges and accrued income | 490/1 | €6,504 | €9,866 | +€3,362 | +51.7% |
| Total equity and liabilities | 10/49 | €7,913,688 | €19,333,881 | +€11.4m | +144.3% |
| Equity | 10/15 | €2,422,150 | €4,061,064 | +€1.6m | +67.7% |
| Contributions | 10/11 | €837,668 | €837,668 | = | 0.0% |
| Reserves | 13 | €1,584,482 | €3,223,397 | +€1.6m | +103.4% |
| Distributable reserves | 133 | €1,584,482 | €3,223,397 | +€1.6m | +103.4% |
| Amounts payable | 17/49 | €5,491,539 | €15,272,817 | +€9.8m | +178.1% |
| Amounts payable after more than one year | 17 | €3,426,437 | €3,584,385 | +€157,948 | +4.6% |
| Financial debts | 170/4 | €3,426,437 | €3,584,385 | +€157,948 | +4.6% |
| Amounts payable within one year | 42/48 | €2,064,883 | €11,685,433 | +€9.6m | +465.9% |
| Trade debts | 44 | €652,175 | €10,428,616 | +€9.8m | +1499.1% |
| Suppliers | 440/4 | €652,175 | €10,428,616 | +€9.8m | +1499.1% |
| Taxes, remuneration and social security | 45 | €22,708 | €19,307 | -€3,401 | -15.0% |
| Taxes | 450/3 | €3,160 | €537 | -€2,623 | -83.0% |
| Remuneration and social security | 454/9 | €19,548 | €18,770 | -€778 | -4.0% |
| Other amounts payable | 47/48 | €1,390,000 | €1,237,510 | -€152,490 | -11.0% |
| Accrued charges and deferred income | 492/3 | €219 | €2,999 | +€2,781 | +1271.3% |
| Non-recurring operating income | 76A | - | €3,418 | +€3,418 | |
| Remuneration, social security and pensions | 62 | €34,755 | €35,832 | +€1,076 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,759 | €10,601 | -€158 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €706,886 | +€706,886 | |
| Other operating charges | 640/8 | €2,225 | €3,427 | +€1,203 | +54.1% |
| Gross operating margin | 9900 | €530,424 | €2,413,217 | +€1.9m | +355.0% |
| Operating profit (loss) | 9901 | €482,684 | €1,656,471 | +€1.2m | +243.2% |
| Financial income | 75/76B | €440 | €224 | -€216 | -49.1% |
| Recurring financial income | 75 | €440 | €224 | -€216 | -49.1% |
| Financial charges | 65/66B | €18,680 | €17,470 | -€1,210 | -6.5% |
| Recurring financial charges | 65 | €18,680 | €17,470 | -€1,210 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €464,444 | €1,639,225 | +€1.2m | +252.9% |
| Income taxes | 67/77 | €47,960 | €310 | -€47,650 | -99.4% |
| Profit (loss) for the period | 9904 | €416,485 | €1,638,915 | +€1.2m | +293.5% |
| Profit (loss) for the period to be appropriated | 9905 | €416,485 | €1,638,915 | +€1.2m | +293.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.